A simple commandite company is established by two categories of partners:

Silent partners, who have no involvement in the management of the company and have limited liability to the extent of their investment (limited partners).

Managing partners, who are jointly liable to the extent of their entire personal wealth for the company’s debts and obligations (unlimited partners) .

There must also be a minimum of two managers or directors who must be of Bahraini nationality. The company’s authorized signatories must also be of Bahraini nationality. Foreign nationals can invest a maximum of 49% of the capital of the company as sleeping partners only. The unlimited partner must be Bahraini with a minimum share of 51% in the capital of the company.

The sleeping partner or non-managing partner does not have to be named or identified in the company’s public records. Consequently, the sleeping partner’s name must not appear in the company name, as this would void their limited partnership status.

Key Features of Bahrain Simple Commandinte Company (Limited Partnership)

Bahrain Simple Commandinte Company

Corporate Details

General

  • Type of Entity

Simple Commandinte Company

  • Registered Office in Bahrain

Yes

  • Shelf company availability

No

Share capital or equivalent

  • Standard currency

Bahraini Dinar(BHD)

  • Permitted currencies

Any

  • Minimum paid up

None

  • Bearer shares¬†allowed

No

  • No par value shares allowed

No

Directors/managers

  • Minimum number

No

  • Local required

Yes

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Shareholders/partners

  • Minimum number

Two

Accounts

  • Requirements to prepare

No

  • Audit requirements

No

  • Requirements to file accounts

No

Other

  • Requirement to file annual return

No

Tax Treatment

Corporate tax for Bahrain Simple Commandite Company is 0%

Advantages of Bahrain Simple Commandinte Company

  • No requirement of minimum share capital
  • Tax exempt

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.